Console, system and method for providing an interface to a financial market trading system or to a financial market based gaming system

Abstract

The present invention is a console, system and method for providing an interface to a financial market trading system or to a financial market based gaming system. The invention enables the trader to trade on financial markets using an interface simulating known and popular games from the world of sports, arcade, games of chance, strategic games and the like.

1. A financial instrument trading system comprising:
 a console including a display and a user interface assembly; 
 first processing circuitry configured to create a session based monetary trading account, wherein said session based monetary trading account is created upon commencement of a trading session and terminated upon completion of the trading session; 
 second processing circuitry for:
 (1) providing upon said display an interface which simulates a known game, wherein a determining factor of an outcome of the known game is replaced by one or more trade-details of a financial instrument; and 
 (2) translating, by processing circuitry, user actions within the known game into at least one financial instrument trade order for trading financial instruments, wherein said financial instrument trade order is instructions to purchase or sell financial instruments in exchange for a price of the financial instruments on a financial market; and 
 
 a transaction server for facilitating execution of the financial instrument trade order using funds from said session based monetary trading account and further configured to credit and debit said session based monetary trading account funds gained or lost as a result of the execution of the financial instrument trade order. 
 
     
     
       2. The system according to  claim 1 , further comprising a payment module located in proximity or attached to the console, said payment module configured to receive one or more forms of payment. 
     
     
       3. The system according to  claim 1 , wherein the known game is one of the games in the group consisting of:
 a. games of chance; 
 b. arcade games; 
 c. sports; 
 d. games of skill; 
 e. games of strategy; 
 f. Roulette; 
 g. Blackjack; 
 h. Baccarat; 
 i. Craps; 
 j. Keno; 
 k. Slot machines; 
 l. Boxing; 
 m. Car racing; 
 n. Horse racing; 
 o. Chess; 
 p. Checkers; and 
 q. Backgammon. 
 
     
     
       4. The system according  10   claim 1 , wherein said transaction server is further configured to calculate and withhold government taxes owed by a user as a result of activity on the system. 
     
     
       5. The system according to  claim 1  wherein said second processing circuitry is further configured to translate one input received from the user via the interface assembly into one or more financial instrument trade orders. 
     
     
       6. The system according to  claim 1 , further comprising processing circuitry configured to communicate with remote devices. 
     
     
       7. A method of facilitating trading comprising:
 providing a console including a display and a user interface assembly; 
 creating a, session based, monetary trading account, wherein said session based monetary trading account is created upon commencement of a trading session and terminated upon completion of the trading session; 
 providing upon said display an interface which simulates a known game, wherein a determining factor of an outcome of the known game is replaced by one or more trade-details of a financial instrument; 
 translating, by processing circuitry, user actions within the known game into at least one financial instrument trade order, for trading financial instruments using funds from said session based monetary trading account; and 
 crediting and debiting said session based monetary trading account funds gained or lost as a result of the financial instrument trade order; 
 wherein said financial instrument trade order is instructions to purchase or sell financial instruments in exchange for a price of the financial instruments on a financial market. 
 
     
     
       8. The method according to  claim 7 , further comprising receiving payment using a payment module, located in proximity or attached to the console. 
     
     
       9. The method according to  claim 7 , wherein said known game is one of the games in the group consisting of:
 a. games of chance; 
 b. arcade games; 
 c. sports; 
 d. games of skill; 
 e. games of strategy; 
 f. Roulette; 
 g. Blackjack; 
 h. Baccarat; 
 i. Craps; 
 j. Keno; 
 k. Slot machines; 
 l. Boxing; 
 m. Car racing; 
 n. Horse racing; 
 o. Chess; 
 p. Checkers; and 
 q. Backgammon. 
 
     
     
       10. The method according to  claim 7 , further comprising calculating and withholding government taxes owed by a user as a result of activity on the system. 
     
     
       11. The method according to  claim 7 , further comprising maintaining a security account with a broker and using said security account to augment a user's margin. 
     
     
       12. The method according to  claim 7 , further comprising allowing a user to select the gain and loss that will be incurred as a result of each unit of movement of a price of a given financial instrument and accordingly determining a quantity of the given financial instrument to be traded. 
     
     
       13. The method according to  claim 7 , further comprising allowing a user to select a direction a price of a financial instrument may move and translating said selection into a short or long trade order.